PPP Loan Data — Presidential Pools And Spas LLC, Gilbert, AZ
Presidential Pools And Spas LLC is a limited liability company (LLC) located at 525 East Baseline Rd in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,894,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Presidential Pools And Spas LLC in Gilbert, AZ received a Paycheck Protection Loan of $1.89M through Simmons Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Presidential Pools And Spas LLC's 2019 payroll expenses are estimated to be at least $9.09M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $60,611 per employee1
Reported PPP Proceed Usage:
On the PPP application, Presidential Pools And Spas LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,651,100
- Utilities: $32,000
- Mortgage Interest: $99,000
- Rent: $112,000
Business Information - Presidential Pools And Spas LLC in Gilbert, AZ
525 East Baseline Rd
Gilbert, AZ 85233
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gilbert
In the Gilbert area, 53 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 150) and received an average PPP loan of $88,216 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Desert Diesel Construction Inc
Zuroc Enterprises LLC
Champion Built Contracting Inc
Mammoth Services, Inc
A1 Pro Handyman LLC
Eli The Handyman LLC
Capital Mark Interiors LLC
Ammo Construction LLC
Rapid Restoration And Construction LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 98% lower than Presidential Pools And Spas LLC's reported 150 employees, and received an average PPP loan of $30,405, 98% lower than this company's loan of $1.89M.
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Footnotes & Information
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